10,000 tonnes of Australian iron ore exported five years ago could buy 280 imported dishwashers. Today it buys 1400 dishwashers. "On any measure, we are living through a boom," she says.
...
First, with Australia's terms of trade at their highest level in at least 140 years, the budget should be well in the black by now, not limping into a small surplus in two or three years.
so why aren't we? I'd put forward the staggering cost of our staggering growth as the reason.
Do you have any other to suggest?
